LTCUSD: 1W Watch for elevator down if 0.0031 breaks! As above.
Amazing fall from grace. LOOK AT THAT CHART....Silver NO MORE
LTCBTC trade ideas
LTC / BTC Positional trading in the channel. Working on a coinI made an addition to the previous trading idea of working / learning on this instrument as the price broke through the support of the inner channel and the downtrend developed. Entry # 2 into a short position after breaking the support of the inner channel was confirmed. Trading with the trend.
I have shown potential reversal areas in an existing trend on the chart. The ideal long entry point would be a breakout or pullback after a downtrend line breakout. Please note that there is 1 month on the chart. The reversal will be more clearly visible on the weekly timeframe. I have shown a monthly chart so that it contains the entire trading history and shows the essence of the work.
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I chose the LTC / BTC pair as an example for positional trading. This coin works perfectly technically. To Bitcoin , the coin is held in a horizontal channel from the very beginning of trading. I think you understand that this is not an accident.
In the crypto market of several thousand scam coins there are several such technical highly liquid reliable coins. Litecoin is one of them. It is the impressive profit for those who work in large sums. The ideal ratio of profit and risk. Clear trade. It is easy to predict further price movements.
Positional trading is suitable for those who have already traded an impressive depot and are already tired of staring at the monitor and burning their time, spoiling their eyesight. For those who no longer get high from the excitement of management and so on. Because a large depot can in most cases be dispersed only by such methods. A person must have iron patience and an understanding of the market cycles. Because profits need to wait a long time. As you can see from the graph, for example, only one trend can last up to a year.
Positional trading is the work on the trend on a long-term basis, on charts covering a large time scale. For its implementation, fundamental and technical analysis is often used. Position trading is suitable for all types of markets: cryptocurrencies, stocks, goods, Forex.
In other words, position trading refers to a relatively long-term holding of a position in the direction of a global trend.
Thus, position trading is an independent style, significantly different from others. Market participants can use this approach to hold short-term and long-term positions.
Maintaining a position in the trend, and not work on small weekly fluctuations. This is the main difference from swing, which involves working on the basis of market cycles of several days. In positional trading, you can hold a trade for months or even a year or more (Dow Jones index), it all depends on the trend.
Coins for positional trading are selected very carefully, they must be reliable, be closer to TOP or be this top as an example of Litecoin. There should be a real development of the project in the long term, with a strong team that really does something, and not only has a promise legend. It is very important that the coin you choose for positional trading be highly liquid.
You can work (or rather need) as in long and short. In any direction the price you earn.
If you are not working in short, then most of the position is HOLD on a WALLET! In such a trade where transactions are conducted 1-2 times a year, it makes no sense to risk a huge amount and keep coins on the exchange. Even if you are doing risk diversification through several liquid exchanges.
Only the large time frame is important, we do not pay attention to small price fluctuations.
The purchase / sale of an asset is made only upon confirmation of a change in trend.
No hai and loy! Minimum prices and maximums will be left for hamsters.
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Position Trading Rules:
1) A signal to enter a position is the beginning of a trend on a large timeframe (with a timeframe of 1 day or 1 week).
2) Exit from the transaction is carried out only if there are sufficient grounds for the end of the trend (trend change).
3) No lows and highs of the price when trading! Let's leave this occupation to stupid hamsters!
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The advantages of positional trading.
1) Does not take into account small price changes, that is, does not require constant monitoring of the situation.
2) There is no need to be near the computer all the time. In positional strategy, the most important thing is a deep and thorough analysis, on the basis of which a further decision is made.
3) An open position simply needs to be monitored if there is a situation that can change the position or price.
Positional trading strategy is an analysis of daily, weekly and monthly timeframes; holding an open position for at least a few days to several months.
In simple terms, positional trading is a meaningful and balanced entry into a transaction based on holding a position in a trend.
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The disadvantages of positional trading.
1) a long expectation of results that can actually be measured only after months or years;
2) high responsibility for each forecast and analysis, since it can take many days and weeks to hold the wrong position;
3) slow progress in trading (holding positions is good if the trader already has experience, but you won’t be able to gain it quickly by opening deals once a year);
4) the need for significant investment (you can get a tangible income from position trading only if you have a decent amount of money in the account).
As a result, holding a position in certain cases is a significant advantage for an experienced trader, but fatal for beginner speculators.
Longing for Sats #2 - LTC/BTCBitcoin is king - so does that make Litecoin the 'prince of shitcoins'? One could argue Ethereum, but ETH is not from the same bloodline.
Anyways...LTC/BTC chart looks so bad that it actually looks great. I'm betting on alts to outperform the king at some point this year, and if we have anything remotely close to last alt season then Litecoin will again attempt to steal the spotlight of his big brother, all while gaining the attention/hope from peasants (noobs).
LTC getting ready to goLtc/btc is nearing its all time lows. This is a great opportunity to get in. This feels just like Doge/btc at 20 sats. I think its one of the easier swings because there is a lot of history on price action. LTC/USD also looks like a buy at the 21 weekly moving average if the dip gets to those levels. As of now the Weekly MA is at about $141 but will keep moving up.
This is not financial advice
LTCBTC: 1W Ribbon wide as ever and continued downtrendAs above.
No real short term turn around in the continued LTCBTC multiyear downtrend to me.
Madrid Ribbon still confirming downtrend on the 1W chart and its width is as wide as ever.
Good luck traders.
LTC Mimble Wimble upgradeAlways interesting to see setups like this with bullish events on the horizon.
LITECOIN vs BITCOIN => Interesting Combination!I found LTCBTC chart interesting. Here is why.
LTCBTC has been bearish for a while. HOWEVER...
We can clearly see that the bearish impulse movements are getting smaller and flatter. (as shown by the angles highlighted in blue)
So from a market structure perspective, this is an early alert that the buyers are losing strength, and we might have a potential reversal soon. BUT WHEN?
For the buyers to take over, and the momentum to be shifted, LTCBTC has to form a new swing high around the upper red trendline then break it upward, or/and break above 0.0055
If this happens and LTCBTC goes up => it means:
Scenario 1 - LITECOIN UP, and BITCOIN DOWN
Scenario 2 - LITECOIN UP, and BITCOIN UP with Litecoin moving up more aggressively
Scenario 3 - LITECOIN DOWN, and BITCOIN DOWN with Bitcoin moving down more aggressively
Which scenario is more likely to happen in your opinion? and Why?
~Rich
LTCBTC downward wedge ending soonI have been writing a bit about the long term downward trend (orange line) which has some good potential to last a while (potentially into the summer) if it continues to hold, but the short term wedge (red line and green line) looks like it will culminate within the week. Once again LTC is near the bottom of this downward wedge, so it should be interesting to both see what direction it breaks as well as what effects that might have on both BTC and LTC.
With BTC trending near the bottom of its current upward channel and LTC now breaking out downward out of a wedge, it makes me wonder if this might mean that BTC will trend downward and LTC will either not follow or follow drastically, or will BTC trend upward and LTC will follow more drastically? Either way, it should be an entertaining week for the pair.
Rocket BOMB TO STARS - LONG Hello everyone,
This is my first publication ! According to my analysis, we must be aware that it will jump hard and fast in the coming hours ! We are at the end of a long retracement of more than 5 weeks down, we are at the limit and it is time to buy at 100%
I participate an increase of 10% minimum over 4 to 5 days
LTCBTC is inside a descending channel 🦐The price is falling for several weeks, and the price is creating a weekly descending channel. IF the price will lose even the current support, we can see another bearish impulse. To see a reversal point, we need to see a breakout upward.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Litecoin Sitting Above The Crucial Zone📥 Litecoin Sitting Above The Crucial Zone ,It’s The Important Support ,The Price Could Bounce From Here
📍 If We Loss Zone The Next Support Is 3300
LTC/BTC 4h support and resistances LTC is very close to breaking out of its current downward trend, once big market caps coins start to move this an indicator for the beginning of ALT season
LTC Tests Bouncing Support Against BTCLTC is once again testing its support against BTC for the trend line that it has been bouncing off of since November (red line). So far each time it has come near this trend, a significant breakout has occurred for either Litecoin and/or Bitcoin (although sometimes it has been short-lived).
There is of course the possibility that the trend line finally breaks and LTC loses the race and heads into a downward channel, but I suppose it is soon time once again to see if the fifth time is the charm for that bounce (or seventh time considering how close you consider the bounce), particularly as it is also once again approaching a wedge (against the green line) indicating a likely move one way or another in the next few days.
LTC/BTC Falling Wedge on Weekly ChartThe current LTC/BTC chart tells me a breakout of a 2 year long falling wedge formation is imminent. RSI & MACD indicators also suggest a big move is close.
